久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Make me your Homepage
left corner left corner
China Daily Website

Local govt debt is 'controllable'

Updated: 2013-09-05 07:23
By Zheng Yangpeng ( China Daily)

China's Finance Minister Lou Jiwei on Wednesday called the scale of the nation's local government debt controllable, adding the growth of debt was slowing, and the risk of default was "not that great".

He admitted local governments do face "relatively big" debt problems, especially those that previously saw very rapid revenue growth.

"They thought they would have money forever, so they took the risk of borrowing," Lou said in an interview with China Central Television. "For a period of time, their fiscal revenue grew 50 percent. They thought the growth would be 50 percent for the next five years, so they spent the money first."

He said China will improve its supervision of how local governments use money raised through bond sales. The funds should only be used for expenditure on construction. They should not be used for day-to-day expenses because doing so would be a "dead end", he said.

Local governments that borrowed money for projects which are now generating good cash flow should use that income to pay off debt, Lou said. China may use fiscal revenues to pay back some local government debt accumulated to provide for the "public good", he said.

Lou's remarks echoed earlier comments by President Xi Jinping, who said during an official visit to Central Asian countries that the government is able to deal with problems of local debt.

Lou's comments on the government debt situation corresponded with an earlier report by the Development Research Center of the State Council, a think tank under the cabinet, which concluded a government debt bubble is unlikely to burst in the short term.

The report said by using conservative calculations, government debt as a proportion of gross domestic product would reach 26 percent by 2020. Under a high-risk scenario, the figure would be 30 percent, still within the margins of safety.

As concern over local government debt has increased, the State Council in July ordered the National Audit Office to conduct a new survey of all government financial obligations. Results are not yet available.

In 2011, the office carried out an audit across the country and concluded local government debt stood at 10.7 trillion yuan ($1.75 trillion) at the end of 2010. There has been no official nationwide survey since, but local debt is believed to have surged in the following years, after a government spending boom.

 
8.03K
 
...
主站蜘蛛池模板: 国产欧美另类久久久品 | 67194在线午夜亚洲 | 91视频站 | 欧美另类精品 | 欧美兽皇video | 免费黄网在线观看 | 日韩在线成人 | 久久亚洲国产的中文 | 九九九热在线精品免费全部 | 欧美老妇免费做爰视频 | 国产成人亚洲精品 | 日韩高清一区二区 | 波多野结衣一级片 | 日韩欧美国产另类 | 欧美一区二区三区在线观看免费 | 97在线碰碰观看免费高清 | 91.xxx.高清在线 | 中文字幕乱码系列免费 | 久久成人18 | 欧美一欧美一级毛片 | 天天干亚洲 | 五月色婷婷琪琪综合伊人 | 中国国语毛片免费观看视频 | 大学生一级一片第一次欧美 | 亚洲视频成人 | 波多野结衣在线视频免费观看 | 精品国产亚洲一区二区在线3d | 91亚洲精品 | 三级视频在线播放线观看 | 手机看片1024精品国产 | 国产精品日韩一区二区三区 | 日韩中文字幕在线免费观看 | 亚洲午夜精品一区二区 | 目韩一区二区三区系列片丶 | 欧美成人免费观看久久 | 日本a级三级三级三级久久 日本a级特黄三级三级三级 | 91成人国产福利 | 色拍拍在精品视频69影院在线 | 123成人网 | 国产精品成人一区二区 | 成年人午夜影院 |